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Search Results 0 to 19 of about 20 (some duplicates have been removed)
three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget sta
surprise to everybody. >> this is a very strong number. i think only u.s. government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can i
for the presidential race. walker won the first governor in u.s. history to survive a recall election. and another nod to a republican governor. >> i cannot thank the president enough for his personal concern and compassion for our state and for the people of our state. >> reporter: new jersey governor chris christie's full-on embrace of president obama for helping sandy-ravaged new jersey came days before the election and had no noticeable effect on the presidential race, but some republicans think christie didn't have to be that efuse sieve. they'll remember if his name pops up in 2016. >> if it's a legitimate rape, the female body has ways to try to shut that whole thing down. >> reporter: from the say what category of entries comes a combo team, missouri senate candidate todd akin and richard murdoch of indiana. >> life is that gift from god, and i think even when life begins in that horrible situation of rape, that it is something that god intended to happen. >> republican dreams to take control of the senate in 2012 had dwipdalled throughout the year, but akin and maur dock pretty much shut that
on a place. the u.s. is on tract to become energy independent. why that's bad news after this. ! bring it back! bring it home! [ male announcer ] when you combine creamy velveeta with zesty rotel tomatoes and green chilies, you get a bowl of queso that makes even this get-together better. let's see if we can get the same item at walmart for less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the brands you want. walmart. see for yourself if you could save on the brands you want. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> my story of the week, saudi america. they have a $300 signing bonus to new employees. you heard that right. with a 7.7% nationwide up unemployment rate, pe
november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit higher price point. that combined with these product innovations, they're very cognizant of margins when they're trying to push iced mixed drinks. the sandwich -- which i've not tried. >> you said cheddar/baconburger. >> it looks like they're going to remain modest at best. margins are going to be a bigger piece. i thin
. >> stephen, talk to me about this. the fact is we do think the entrepreneur as heroic in the u.s. how do you square that circle? >> i think the backbone is the entrepreneur. i think republicans have to make this connection with workers that, you know, if you hurt the businesses who are hurting jobs, i don't think they've done a good job of doing that. i certainly agree that health care is a big issue. i kind of agree with david that republicans have kind attacked the obama idea. i think reasons have to a very robust alternative that might be rejected in the years ahead. >> the problem is alternatives are lacking. criticism is in abundant supply. so, david, what do we do? where do the ideas come from? where is the well that republican party should be looking at for the new ideas? >> the republican party has to rebuild a lot of their ideas about the budget. you know what, on health care, for example, obama care is a fact. it is a fact. and its -- that's what this election decided it is not going to go away. so any republican idea about how maybe there will be a better way to do it or maybe we
? >> yes. >> they would have to get a lot of cashes from overseas by the way. you hear cash at u.s. corporations, a lot of it is overseas. repatriation tax holiday is not part of any negotiations we've been hearing about. >> not at all. >> an area that's a no go. so that is an important part of the calculation. if you can't bring that cash back and goldman says this. this is not something they think is going to happen. >> do you remember when steve brought seagate private. it was brimming with cash. raised the dividend next week. why doesn't michael dell pay out a special dividend and everyone is thrilled. >> fundamentals are still what? >> fundamentals are -- i mean, look. fundamentals depend upon a belief that the personal computer is going to be with us for a long time and is not that much in decline. ipad will not crush it. i don't know. >> why not redistrict some of that free cash flow and that cash into an area where you think you can attain real growth. try to recreate the company in some sort of significant way. >> i think that -- >> it's not easy to do that by the way. >>
it is manufacturing, but is there really a demand question about apple's products that is a real one? >> not in the u.s., but there could be some questions about china, remember that report from steve milanovich? he said apple needs to come up within some real innovations, you need to have some clarity on the pipeline, and you need geographic -- clearance to go into china? yes, it got it with two of the smaller carriers. china confirms talks with apple. but the problem here, he says tech is not an issue, it's mainly about the business model and benefit sharing issues. that could be a problem. >> he is also playing the part of what many analysts are doing, which is let me explain why it's going down, in the same way that the death cross, i always love the death cross, this is a technical term. i can think of a million reasons to sell it. the only reason i want to own it is because it makes the best products in the world and it's inexpensive. >> that's a lot of people looking at the chart. >> look again, the people who own apple, they were the ones who owned it because it was going up. it reminds me very
then ran for the u.s. senate as an independent but lost. now to this. ♪ >> south korean singing sensation psy gears up for a huge performance this weekend. there are no revelations about anti-american -- this anti-american rap song they did a few years back. the song "dear american" includes lyrics like kill those blanking yankees who have been torturing iraqi captives, kill their mothers, daughters, mothers-in-law, fathers. psy has since apologized saying the 2004 rap was protesting the killing of a south korean hostage by iraqi insurgents. but psy will still perform at the christmas in washington concert this weekend where president obama and the first family will be looking on. and senator stevphen colbert? south carolina governor nikki haley says that ain't happening. the palmetto state resident said he'd like to replace the outgoing representative. he explained why he'd be a great senator. the governor was not moved. her season? what she called stephen colbert's, quote, big, big mistake. >> what's the state drink? >> there's a state drink? >> it's milk. i didn't realize my state was
, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through their stories, and you say, not only did they not extend themselves during this downturn, they conserved a lot of cash. by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and the more clarity on regulations. we are exiting this really weird period of uncertainty. rules come into focus. and if these consumer balance sheet numbers are right. next year could look different, jim. >>
's been a gang buster year for the markets. unfortunately, the average u.s. investor out there has largely been on the sidelines. money in bonds, money into money market funds continuing to flow in the month of november. unfortunately, even as we do see a very, very good year for the stock market, not many investors are really taking part in this. >> i think we saw finally an outflow for bond funds in well over a year last week. that has been a rarity. we've warned many of our viewers, be careful of the duration risk. we're going into another year where many people are at least saying, okay, is the rally over? the 30-year rally in bonds, is it over? if it is, what is it going to mean? we've had people saying that the last three years. everybody's best trade was to short the long bond. it ended up being one of the worst trades you could make the last couple of years. >> in terms of being careful, speaking of being careful, today will be light volume, shortened session, but light volume. who knows what that could lead to. if you wanted bury bad news, christmas eve is the perfect day to do it
that the treaty requires no changes in u.s. law and that the treaty cannot be used as the basis for a lawsuit in u.s. courts. the opponents said it was inappropriate to consider a treaty ma post election lame duck session, never mind that just since i've been watching the senate, they've approved treaties 19 times during lame duck sessions. and then they said, and this is what did it, this is what the 38 no votes were trapped by, the tiniest possible interest group you could imagine affecting the outcome of something so important. the home schooling crowd. then they said that the treaty endangered home schooling. home schooling fanatics expressed worry that the treaty could lead to the government imposing new regulations on the home schooling of disabled children, even though there is no language they could point to in the treaty that could justify any such worry. republicans who knew this was a lie still based their vote on it, because that is how much they live in fear of any interest group, of any size, with any affiliation with the tea party. the opposition to the treaty was led by tea party dar
jobs by the hundreds of thousands in the 1960s and early '70s, the largest industrial cluster in the u.s. in the 1950s was not automobile production in detroit, it was garment production in new york city, and that sector was decimated by globalization and new technology. the city had been caught in a spiral of disorder, rising crime rates, racial conflict just like here in boston, and the fiscal situation had gotten out of control with budgets that were far too high for the city to afford. it looked as if new york was going to go back to the weeds, right? this is an image of jimmy carter wandering through the wasteland that the south bronx had become, and it really seemed as if the planet of the apes image of the statue of liberty rising from the sand, that that was plausible. that, in fact, these cities were things, you know, whose time had come and gone. in part, the future of the city seemed so dim because their original reasons for being had largely disappeared. if you think about every one of america's older, colder cities, they were all part of solving a transportation problem. the
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: the yeas are 229. the nays are 182. 2/3 not being in the affirmative, the rules are not suspended and the bill is not passed. the speaker pro tempore: the chair lays before the house the following personal requests. the clerk: leaves of absence for mr. griffin of arkansas for the week of december 11 and mr. reyes of texas for today and for the balance of the week. the speaker pro tempore: without objection. the requests are granted. the speaker pro tempore: the house will be in order. the speaker pro tempore: members and staff, please remove your conversations from the floor. the speaker pro tempore: the house will be in order. the chair will entertain requests for one-minute speeches. for what purpose does the gentleman from massachusetts rise? >> address the house for one minute. the speaker pro tempore: the gentleman is recognized. >> mr. speaker, earlier this year -- mr. frank: i was critical on actions taken by the republican leadership regarding sponsorship of a bill. it's not my intenti
in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> schieffer: sometimes in washington it all comes at once-- the good, the bad, the inexplicable. on friday we remembered one of the breast of us at a memorial service for hawaii senator daniel inouye. a true hero who lost his arm in world war ii. one of the last of the greatest generation, a man who came to washington before compromise was a dirt dirty word. the service came on a day when we also saw washington at its worst. the president and congressional leaders leaving town after partisanship again prevailed and they were unable to find a way to stave off what could be real economic chaos. and what other word but inexplicable could one use to describe the news conference
intellectual, too. >> opec and the fed, hey, u.s. production up. let's go to sharon epperson at the nymex. >> oil has really been on the move since the open a few minutes ago. not so much opec, which still packed with the current quota around 30 million barrels per day, it is producing more than that. but we are hearing, of course, from opec itself that saudi arabia has reduced its production in november to the lowest level in a year. so that seems to be a way that they will adhere closer to the current quota. we're also looking at the latest report from the international energy agency which may have more of an impact where oil prices are going in this session. they're looking for slightly demand in 2013. and they're pointing to china for the reason. we're anticipating we'll get the report from the energy department at 10:30 a.m. on oil supplies. the expectation is for a slight decline in food supplies. but we did see a major build in the industry report, if that is confirmed we could see these gains short-lived. back to you. >> all right. thank you very much, sharon epperson. we've got a
the u.s. -- the use of any of the weapons would be a tragic mistake and trigger unspecified consequences. we'll talk about that with the all-star panel. also tonight, the white house rejecting a republican counter offer that president obama initial plan to get the country off the fiscal cliff. we have details of what house speaker john boehner calls a bold offer. what if we jump off the cliff? we talk about the budget cliff with the ranking member vis van hollen. egypt constitutional crisis goes on. judges from the highest court say they are afraid to do the jobs. "special report" from washington with breaking news from the middle east starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> greg: last week, i went on a tour to promote my book "the joy of hate" which took me from florida, to alabama, and georgia. to tennessee. some call this the south with sarcasm. a buddy of mine gave me flick "deliverance" to watch as a joke. but i freaked out, large crowds with mom for daughters and sons for dads. dads for daughters. so many brought food
just to walk again. >> with the u.s. navy, want to give a shout out to my friends and family. have a good holiday and stay safe. >> army specialist tyler jeffries also lost his legs. >> just want to give a shout to all my friends and brothers back in afghanistan. happy holidays. i wouldn't be here without you guys. >> tyler is already getting ready for next christmas. >> i want to start walking as fast as i can because i am in that wheelchair hours every day. i want to be able to get up in my own house and get a cup out of the cupboard. >> happy holidays to my family and i got a bunch of guys in from my unit getting purple hearts today. i say i'm thinking about you guys today. got a special place for you in my heart. >> joshua says it is a good holiday season because of his buddies. >> it is definitely. they're there, alive and breathing. it's good. >> i'm sergeant adam keyes combat engineer 20th engineer brigade airborne out of fort bragg. i give a shout to the guys in the 27th still overseas. >> a triple amputee there is one thing adam didn't lose. his airborne wings tatoo. >> ye
Search Results 0 to 19 of about 20 (some duplicates have been removed)